Top 10 Multifamily Deals & Markets — Week of 2026-09-14
Week of 2026-09-14 · Published September 14, 2026
Market Context
National multifamily transaction activity heading into mid-September 2026 continues to demonstrate resilient debt liquidity and improving transaction depth despite Treasury volatility and elevated refinancing requirements. Cap rates are stabilizing in the 5.0% to 5.7% range for prime and core-plus assets, as institutional capital taps expanded agency programs and Single-Asset Single-Borrower debt executions. Meanwhile, private and programmatic sponsors are capitalizing on opportunities across both recovering coastal hubs and high-demand Sunbelt and Midwest submarkets.
Rankings
Keller Investment Properties Portfolio Recapitalization (Multi-State)
$718.5M SASB debt · 13 properties
Newmark arranged a landmark SASB debt recapitalization across a 13-property multifamily portfolio for Keller Investment Properties, illustrating returning institutional debt appetite for large-scale portfolios.
The Arboretum (Farmingville, Long Island, NY)
$190M · 292 units · $650,685/unit
JLL represented the seller in the major $190 million investment sale of a prime 292-unit residential community in suburban Long Island.
Pavilion Apartments (Chicago, IL)
$167M · 1,115 units · >95% occupancy
R.I.G. Capital acquired the five-building, 1,115-unit complex near O’Hare from Brookfield Asset Management, setting the high-water mark for Chicago multifamily transactions in 2026.
Orchid Run (Naples, FL)
$89.8M · 282 units · $318,440/unit
Cardone Capital acquired the 282-unit community from an affiliate of The Inland Real Estate Group, expanding its national footprint to over 14,800 units.
JPL Development Suburban Portfolio Refinancing (Minneapolis, MN)
$48M debt refinancing
JPL Development secured a $48 million agency/commercial debt refinancing package for its suburban Minneapolis apartment holdings, supporting stabilization amid tight regional occupancy.
South Miami Mixed-Use Development Site (South Miami, FL)
$22M · 251 planned units · $87,649/unit land basis
AvalonBay Communities purchased a 1.2-acre parcel in downtown South Miami to build a 251-unit residential community, betting on sustained supply absorption in South Florida.
Flagler Village Infill Acquisition (Fort Lauderdale, FL)
$8.9M · 43 units · $206,977/unit
Midas Equities acquired an urban core 43-unit community in Fort Lauderdale's Flagler Village neighborhood, capitalizing on strong tenant demographics and submarket rental fundamentals.
Fort Lauderdale Boutique Portfolio Infill (Fort Lauderdale, FL)
$3.9M · 18 units · $216,667/unit
Forming the second leg of Midas Equities' South Florida buy, this 18-unit multifamily asset trades as part of private capital aggregation in constrained infill submarkets.
Core Class A Trades & Liquidity (Dallas-Fort Worth Metroplex, TX)
5.6% value-add cap rate · $8.9B trailing volume
Dallas-Fort Worth transaction volumes reached $8.9 billion on a trailing basis with institutional transactions executing around 5.6% cap rates, maintaining its position as one of the most liquid metros.
Core Institutional Dispositions (Boston Metro, MA)
$499K/unit · 5.1% cap rate · 3.8% vacancy
Boston closed out high-value institutional trades with premier assets clearing at an average of 5.1% capitalization rates and per-unit prices averaging nearly double national standards.
Side-by-Side Comparison
| Rank | Deal / Asset | Price | Key Metric | Source | Source |
|---|---|---|---|---|---|
| 1 | Keller Investment Properties Portfolio Recapitalization (Multi-State) | $718.5M SASB debt · 13 properties | Newmark arranged a landmark SASB debt recapitalization across a 13-property multifamily portfolio for Keller Investment Properties, illustrating returning institutional debt appetite for large-scale portfolios. | - | Morningstar / PR Newswire |
| 2 | The Arboretum (Farmingville, Long Island, NY) | $190M · 292 units · $650,685/unit | JLL represented the seller in the major $190 million investment sale of a prime 292-unit residential community in suburban Long Island. | - | Multi-Housing News |
| 3 | Pavilion Apartments (Chicago, IL) | $167M · 1,115 units · >95% occupancy | R.I.G. Capital acquired the five-building, 1,115-unit complex near O’Hare from Brookfield Asset Management, setting the high-water mark for Chicago multifamily transactions in 2026. | - | The Real Deal |
| 4 | Orchid Run (Naples, FL) | $89.8M · 282 units · $318,440/unit | Cardone Capital acquired the 282-unit community from an affiliate of The Inland Real Estate Group, expanding its national footprint to over 14,800 units. | - | The Real Deal |
| 5 | JPL Development Suburban Portfolio Refinancing (Minneapolis, MN) | $48M debt refinancing | JPL Development secured a $48 million agency/commercial debt refinancing package for its suburban Minneapolis apartment holdings, supporting stabilization amid tight regional occupancy. | - | Multi-Housing News |
| 6 | South Miami Mixed-Use Development Site (South Miami, FL) | $22M · 251 planned units · $87,649/unit land basis | AvalonBay Communities purchased a 1.2-acre parcel in downtown South Miami to build a 251-unit residential community, betting on sustained supply absorption in South Florida. | - | The Real Deal |
| 7 | Flagler Village Infill Acquisition (Fort Lauderdale, FL) | $8.9M · 43 units · $206,977/unit | Midas Equities acquired an urban core 43-unit community in Fort Lauderdale's Flagler Village neighborhood, capitalizing on strong tenant demographics and submarket rental fundamentals. | - | The Real Deal |
| 8 | Fort Lauderdale Boutique Portfolio Infill (Fort Lauderdale, FL) | $3.9M · 18 units · $216,667/unit | Forming the second leg of Midas Equities' South Florida buy, this 18-unit multifamily asset trades as part of private capital aggregation in constrained infill submarkets. | - | The Real Deal |
| 9 | Core Class A Trades & Liquidity (Dallas-Fort Worth Metroplex, TX) | 5.6% value-add cap rate · $8.9B trailing volume | Dallas-Fort Worth transaction volumes reached $8.9 billion on a trailing basis with institutional transactions executing around 5.6% cap rates, maintaining its position as one of the most liquid metros. | - | Rise48 Equity / CBRE |
| 10 | Core Institutional Dispositions (Boston Metro, MA) | $499K/unit · 5.1% cap rate · 3.8% vacancy | Boston closed out high-value institutional trades with premier assets clearing at an average of 5.1% capitalization rates and per-unit prices averaging nearly double national standards. | - | Matthews Real Estate Investment Services |
Rankings are built using live web research and publicly available data. Sources are cited inline. This content is for informational purposes only and does not constitute investment advice. View all rankings →